| A | B |
|---|
| consolidation | combining companies |
| railroad baron | powerful businessman who ran a large railroad |
| standard guage | the distance between the rails used by all American railroads |
| rebate | discount |
| pool | a group of businessmen who made secret agreements about prices and customers |
| Model T | affordable car made by Ford |
| assembly line | factory method in which work moved past workers who performed a single task |
| mass production | factory production of goods in large quantities |
| factors of production | land, labor, and capital |
| entrepreneur | person who starts a business |
| corporation | a business in which investors own shares |
| stock | part ownership in a company |
| shareholder | a person who buys stock in a corporation and is a partial owner |
| dividend | a shareholder's share of a company's profits, usually as a payment |
| trust | a group of companies run by a single board of trustees |
| monopoly | total control of an industry by one person or one company |
| merger | the combining of two or more businesses into one |
| sweatshop | a shop or factory where workers work long hours at low wages under unhealthy conditions |
| labor union | organization of workers who seek better pay and working conditions |
| collective bargaining | discussion between an employer and labor union representatives about wages, hours, and working conditions |
| strikebreaker | person hired to replace a striking worker in order to break up a strike |
| injunction | a court order to stop something from happening |
